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Mar 25, 2013
03/13
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if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six numbers and that ticket was sold in new jersey. now the lump sum cash option $211 million. power ball is coming here to california on april 8th. >> so fun to think about how you would spend that money. >> yeah. >>> 5:48 is the time. sal. >> i think you know what i would do, i would have vast catering for all of us here on the morning show every day. we'd get all kinds of stuff. >> then we would know. i don't think i would anyone to know i won. >> that is true. i'll cross that problem when i have it. good morning, everybody. it's fun to think about but it's time to get to work. right now traffic is doing pretty well if
if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six numbers and...
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Mar 25, 2013
03/13
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KPIX
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if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning we may find out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six numbers and that ticket was sold in new jersey. now the lump sum cash option $211 million. power ball is coming here to california on april 8th. >> so fun to think about how you would spend that money. >> yeah. >>> 5:48 is the time. sal. >> i think you know what i would do, i would have vast catering for all of us here on the morning show every day. we'd get all kinds of stuff. >> then we would know. i don't think i would anyone to know i won. >> that is true. i'll cross that problem when i have it. good morning, everybody. it's fun to think about but it's time to get to work. right now traffic is doing pr
if the court finds the city has done everything possible to pay its debts, stockton would become the largest city in the country to go bankrupt. creditors against stockton chapter 9 protection plan says the city has not done enough to cut spending. >>> your time is 5:47. later this morning we may find out who is that big winner in new jersey who hit the power ballotly. lottery officials will release details of saturday's $338 million drawing at 7:00 a.m.. one ticket matched all six...
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Mar 25, 2013
03/13
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KTVU
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a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny skies. a few low 70s. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right now at 6:46. police in hayward arrested three people over night after this high speed chase into oakland. the driver was wanted for reckless driving. police say the three may be involved in a drive by shooting yesterday afternoon that anywhered an innocent bystanders. >>> the coast guard culled off a search for a man who disappeared while playing in the surf near half-moon bay. 22-year-old carlos javier lopez was playing soccer with friend
a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny...
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Mar 25, 2013
03/13
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KPIX
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a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny skies. a few low 70s. >>> welcome back. good morning, to you. here's a quick look at some of the top stories we are following for you right now at 6:46. police in hayward arrested three people over night after this high speed chase into oakland. the driver was wanted for reckless driving. police say the three may be involved in a drive by shooting yesterday afternoon that anywhered an innocent bystanders. >>> the coast guard culled off a search for a man who disappeared while playing in the surf near half-moon bay. 22-year-old carlos javier lopez was playing soccer with friend
a historic financial decision for stockton possibly coming today. the reason some say the city does not deserve the right to file for bankruptcy. >>> we're live in san jose where police are searching for a man they say brutally stabbed and killed his exgirlfriend. we have just spoken to the victim's family. we'll tell you what they have to say and the latest on the police investigation. >>> a lot of high and mid level clouds. it will be cooler today. 50nd and 60s. partly sunny...
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Mar 25, 2013
03/13
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KPIX
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stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. hazelnut macchiato please. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened this morning in mountain view. train northbound 211 did strike and kill a male pedestrian. we have that confirmed with caltrain. now, this intersection was blocked for a while. it looks as if the traffic is beginning to move through but the caltrain service is very much delayed. stay with ktvu. we'll let you know more about the developing news in this situation. >>> a powerful snowstorm is moving toward the east coast this morning. this is what it looked like in kansas and missouri, where up to 9 inches of snow fell
stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. hazelnut macchiato please. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed...
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Mar 25, 2013
03/13
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KTVU
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stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. please. ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened this morning in mountain view. train northbound 211 did strike and kill a male pedestrian. we have that confirmed with caltrain. now, this intersection was blocked for a while. it looks as if the traffic is beginning to move through but the caltrain service is very much delayed. stay with ktvu. we'll let you know more about the developing news in this situation. >>> a powerful snowstorm is moving toward the east coast this morning. this is what it looked like in kansas and missouri, where up to 9 inches of snow fell over the weekend. in parts of denve
stockton in the national spotlight. how the northern california city is about to make financial history today. >>> and the new study in the age of cell phones. the american teenager's love affair with the car may be coming to an end. please. ♪ ♪ ♪ ♪ [ male announcer ] the new hazelnut macchiato from starbucks. crafted by hand & heart. >>> developing news here in palo alto, northbound caltrain and southbound caltrain delayed because of a fatal accident that happened...
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Mar 25, 2013
03/13
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FBC
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>> it's stockton, the city of stockton wins, if they're able to lower the debt obligation for bondholders. stuart: they want to go into bankruptcy. sandra: they want to restructure the debt. stuart: and give them a haircut. sandra: this would be ground breaking for other cities, san beni benito-- san bernardino. stuart: if they take a haircut, why would anybody in their right mind lend money again to a shaky american city. sandra: exactly, that's the ripple effect i'm talking about and thises a-- >> and stockton built a news waterfront, a baseball stadium. i think that detroit is going to be a little more interesting, in the sense it's not a bankruptcy, but, you know, the race issue comes in and large american cities. you've had al sharpton's group go to kevyn orr's office and they don't want to go to the puppet, they want to go to the puppet master. and jesse jackson's group having a protest and they're saying that the bondholders ironically are going to benefit from the shake-up at the expense of people who live in detroit and that's one to watch the fireworks and in both cases a cautio
>> it's stockton, the city of stockton wins, if they're able to lower the debt obligation for bondholders. stuart: they want to go into bankruptcy. sandra: they want to restructure the debt. stuart: and give them a haircut. sandra: this would be ground breaking for other cities, san beni benito-- san bernardino. stuart: if they take a haircut, why would anybody in their right mind lend money again to a shaky american city. sandra: exactly, that's the ripple effect i'm talking about and...
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Mar 25, 2013
03/13
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. >>> if the court finds the city has done everything possible to pay its debt, stockton would be first city to file for bankruptcy. >>> lawyers for dr. conrad murray argue that prosecutors didn't prove jackson was hooked up to an i.v. drip of the drug that killed him. the defense theory claims that jackson administered the deadly doze himself while murray was away. murray is currently serving four years in prison. >>> apple has acquired a palo alto start up for a reported $20 million. wifi slam focuses on indoor mapping and has developed technology that can locate a users location using wifi. the purchase is among several the cupertino company has made in recent years in an effort to improve it's mapping capabilities. >>> the san jose city council is expected to improve an incentive couple for the expansion of samsung semi conductor. the deal was outlined in a signing with governor brown and senator reed. it includes reimbursements. samsung is a subsidiary of samsung electronics. >>> for many christians, easter is a time to reflect on god's gift to mankind but for others it can be a ch
. >>> if the court finds the city has done everything possible to pay its debt, stockton would be first city to file for bankruptcy. >>> lawyers for dr. conrad murray argue that prosecutors didn't prove jackson was hooked up to an i.v. drip of the drug that killed him. the defense theory claims that jackson administered the deadly doze himself while murray was away. murray is currently serving four years in prison. >>> apple has acquired a palo alto start up for a...
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Mar 26, 2013
03/13
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stockton was slammed hard when the real estate bubble burst which flooded the market with foreclosures and sent housing prices down by 70%. they will try to determine if the city negotiated with its creditors in good faith before filing for chapter 9 protection. the creditors stand to recover more of their money if the city does not declare bankruptcy. >>> u.s. lawmakers ripped the nra with what the organization is accused of doing in the wake of the newtown shooting. >>> an exclusive jailhouse interview with jerry sandusky. his side of the story and the one witness he says got it wrong. >>> plus -- >> a march from decastro to san francisco's city hall is about to get under way. i'm cheryl heard. that story coming up. >>> less than 24 hours from now, those for and against same-sex marriage will be arguing before the highest court in the land. tomorrow's supreme court hearing on california's voter approved ban on same-sex marriage has been a long time in coming. >> medicolegal experts predict it will be a roe versus wade moment for the lgb community, but both sides planning demonstratio
stockton was slammed hard when the real estate bubble burst which flooded the market with foreclosures and sent housing prices down by 70%. they will try to determine if the city negotiated with its creditors in good faith before filing for chapter 9 protection. the creditors stand to recover more of their money if the city does not declare bankruptcy. >>> u.s. lawmakers ripped the nra with what the organization is accused of doing in the wake of the newtown shooting. >>> an...
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Mar 25, 2013
03/13
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and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in orange park on memorial drive and a third was started near the 500 block of el camino real. fiske all three fires were quickly extinguished and caused little damage, police said. no suspect information was immediately available. police search for arsonist this weekend police said two fires were lit in orange park on immediately available. the san mateo county sheriff's office is warning rash of 'door-knock' burglaries that have occurred in residential neighborhoods around san according to the sheriff's office, potential burglars have been approaching homes and knocking
and and stockton is poised to become the most populous city in the nation to enter bankruptcy when its trial begins today in federal court. creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. police in south san francisco are searching for a serial arsonist who started three fires in the city over the weekend. police...
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Mar 25, 2013
03/13
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. >> stockton is fighting to become the largest u.s. city to file for bankruptcy. they base their budget on anticipated developer fee skpinz creasing tax revenues but that vanish whtd mortgage bubble burst. creditors more could have been done to cut employee pensions. the trial is expected to last four day autos freezing temperatures and snow could not detour dozens of people in washington hoping to hear the high court take up the two gay marriage cases tomorrow. you can see them huddled under umbrellas and tarps. the lines began forming on thursday with some people paying others to hold their place in line. the court seats about 500 people and 50 seats are expected to go to the public. tickets are handed out on a first come, first served basis. >> marriage equality advocates will meet for a rally at harvey milk plaza at the castro. then at 7:00 will march for a second rally starting at 8:00. abc 7 news mark matthews is in the news wroom a preview of the arguments. >> the bay area has a lot of interest as you know in the hearing. san francisco among the first citie
. >> stockton is fighting to become the largest u.s. city to file for bankruptcy. they base their budget on anticipated developer fee skpinz creasing tax revenues but that vanish whtd mortgage bubble burst. creditors more could have been done to cut employee pensions. the trial is expected to last four day autos freezing temperatures and snow could not detour dozens of people in washington hoping to hear the high court take up the two gay marriage cases tomorrow. you can see them huddled...
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Mar 26, 2013
03/13
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FOXNEWSW
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. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network. >> what's the primary reason here? >> there is a few reasons mostly because it costs more money. i am going to show you some numbers. they are really startling. when it feels like we are not making money we always say that. when you look at the data we are not. median household income is over 51,000 dollars. take a look at that on a time line. 6 percent less than when the economic recovery began in summer of 2009 and less than when the recession started. obviously we are not making enough money. all of this data comes from research. they also say one of the key reasons speegsly now because - especially now. saw a $600 drop between f
. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network. >> what's the primary reason here? >>...
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Mar 22, 2013
03/13
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control towers in napa, concord, livermore, stockton and santa rosa are on the list of possible closuresment >>> public reaction mixed for the changes proposed to yosemite park. >> we got rid of all this, now, lelts get rid of all the vendors once and for all. >> this is the path forward. >> those are the people showing up at a national park service meeting to express their feeling on the plan to stop bike and raft rentals at the park as well as horseback riding. environmentalists also want to get rid of the ice rink at curry village, swimming pools at the yosemite lodge and owana hotel and art activity center. they say it is important to restore the natural setting and protect the merced river. the proposed changes coming after some decades of back and forth lawsuits between environment. tallis ta and the park. >>> runners trying to get limber for this weekend in oakland, the city's annual running festival. the fourth year for this event which includes a 5k half marathon and a full marathon. 26 bands and d.j.s signed up to cheer on the runners with music and fine tunes. the race organizers
control towers in napa, concord, livermore, stockton and santa rosa are on the list of possible closuresment >>> public reaction mixed for the changes proposed to yosemite park. >> we got rid of all this, now, lelts get rid of all the vendors once and for all. >> this is the path forward. >> those are the people showing up at a national park service meeting to express their feeling on the plan to stop bike and raft rentals at the park as well as horseback riding....
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Mar 25, 2013
03/13
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KGO
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stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about 5:54 on this monday. is there a chance of rain? we will check with our meteorologist. lisa? >> we do not is a great chance. it looks like we are getting cooler conditions, but rain? you know...it is really looking like, again, pushing back toward the end of the work week. starting out with some fog in the not bay, at half moon bay, and novato and santa rosa, and a mile in napa but everyone else, it is a warmer start. this afternoon we are talking about cooler. it will be gusty at times. upper 50's in san francisco. 65 in oakland. 68 in morgan hill. a few extra clouds if you want the warmth, sou
stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about...
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Mar 25, 2013
03/13
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brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe the germans' currency is the place to go. our deficits are so high. >> neil: you're assuming the euro goes away. >> who knows by the way. i it only takes one, when the south seceded from the north -- >> neil: get out of this club. no one gets higher ratings from young viewers or makes us a much buck -- i'm talking how it is that jay leno's boss wants him out. a lesson on corporate snakes that is all too well known. >> you know the hollen general of st. patrick, right? drove all the snakes out of ireland and then they came into the united states and became nbc executives. it's a fascinating story. we went out an
brown's tax increases there, which will have a huge impact on the prosperity of california, we've seen stockton now on the verge of bankruptcy, if not there. these problems -- they all will start the very tryingers charlie is talking about, and it could go here. i don't think it will for a while but it will. >> the chinese have to have place to put their money. they'd rather put their money in a u.s. treasury bond. but something is going to change. there's going to be a point where maybe...
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Mar 24, 2013
03/13
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in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the hardest. >>> the home improvement chain lowe's is accused of discrimination in san francisco. lowe's opened a shore on bayshore boulevard in 2010 but the chronicle is reporting that six current and former employees have filed a lawsuit. they say lee's hired minority employees to comply with a agreement that allowed that store to be built. however, they say the management fired those employees once the store opened. lowe's declined to comment but has insisted that it is in full compliance with city regulations. >>> the city of san jose is expected to approve adds 7 million incentive for samsu
in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the...
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Mar 25, 2013
03/13
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KRON
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and after years of struggle stockton is poised to become the most popular city and the answin then to enter bankruptcy when its trial begins tuesday in federal court. creditors to when stock and money are challenging its chapter 9 bankruptcy petition but most observers say the city of 300,000 will be successful. its largest creditors are by the answer is to help the city refinance pension that. police incenses the are searching for a serial arsonist who started three fires in the city over the weekend. police said two fires were lit in large part on memorial drive and a third was started near the 500 block of el camino real out. all three fires were strictly distinguished and caused little damage police said. no suspects information was immediately available. >> traffic moving smoothly and both areas of the bridge, we will be back. new nehoney bunches of oats greek yogurt and whole grain. herehe we go. honehoy corncoflakes and chunks of greek yogurt. i'i'm tasting both the yogurt and the honey at the same time. i'm like digging this yogurt thing. i feelfe healthy. new how ney buy hes
and after years of struggle stockton is poised to become the most popular city and the answin then to enter bankruptcy when its trial begins tuesday in federal court. creditors to when stock and money are challenging its chapter 9 bankruptcy petition but most observers say the city of 300,000 will be successful. its largest creditors are by the answer is to help the city refinance pension that. police incenses the are searching for a serial arsonist who started three fires in the city over the...
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Mar 26, 2013
03/13
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FOXNEWSW
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a bankruptcy battle is underway in stockton, california, the most populated u.s. city to file for chapter 9 bankruptcy. lawyers argue that is the only option for the failing city but creditors disagree and are taking him to court. >>brian: charles payne, fox's business network guy, filling in for stuart varney this week. what do you think, charles? >> i think it is the only option. it is hard to argue these guys haven't tried. 25% of the police officers are gone, 40% of city hall is gone. they dug themselves into an amazing hall. what happened was you had a situation where you had typical government spending particularly at a local level which by the way sofpb more outrageous -- is often more outrageous than what we see in washington, d.c. combine that with the steroids of a housing boom. the average house there went from $100,000 to $400,000. from 2000 to 2006, talk about a county and city feeling flush. they made am mazing obligations and amazing promises. they built a hockey arena. they thought they would have a semi prosports league. >>steve: sky was the limit
a bankruptcy battle is underway in stockton, california, the most populated u.s. city to file for chapter 9 bankruptcy. lawyers argue that is the only option for the failing city but creditors disagree and are taking him to court. >>brian: charles payne, fox's business network guy, filling in for stuart varney this week. what do you think, charles? >> i think it is the only option. it is hard to argue these guys haven't tried. 25% of the police officers are gone, 40% of city hall is...